[Unpacked] Proof-of-Super Staking Concept Unveiled and the Super Holder Event!

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More information about the Newest version of NXY tokenomics >>

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This is the original version of PoS Concept and Super Holder Event.

Details about To-Be version >>

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The second concept in the Nexybit Evolution Unpacked series is the Proof-of-Super Staking concept. The Proof-of-Super Staking concept for NXY holders comes in addition to the Proof-of-Trading and Proof-of-Staking model in order to continuously improve the long-term sustainability of the NXY tokenomics model. During the Super Holder Event(AKA Proof-of-Super Staking Event), Nexybit has decided to increase the revenue shared from 70% to 80%.

NXY Tokenomics Structure

Nexybit’s tokenomics is based on largely two concepts, trading and staking.

Terms

The Super Holder Event(AKA. PoSS Event) is a daily ticket-based dutch auction for 10% of the revenue from the exchange.

Initially, the starting minimum ticket size is 1,500,000 NXY tokens and this will increase everyday by 100,000 NXYs until the end of the month. All users that hold more than the minimum staking amount are automatically included in the dutch auction. Hourly snapshots are used to record how many NXYs are held in the account and if the account falls below the minimum ticket size, they are disqualified from the auction. The airdrops for the daily Super Holder Event are distributed the following day.

The Super Holder event will be continued every month and the minimum staking conditions and increase rate are adjusted on a monthly basis. NXYs on partnered exchanges currently are not counted in the Super Holder Event.

(The event conditions may change or be discontinued depending on market conditions)

EG) Assuming the daily revenue of the exchange from trading fees is USD 400,000, 70% is proportionally distributed to NXY holders and 10% is distributed to the Super Holder ticket holders. If there is one ticket holder, USD 40,000(USD 400,000 * 10%) worth of coins is distributed to the holder. If there are ten ticket holders, each ticket holder receives USD 4,000 worth of coins.